Lincode Labs Inc, a US and Bengaluru-based AI-backed visual inspection startup, announced that it has raised seed funding from Come Back Capital and RSCM LLC. The startup has also secured an angel investment from The Enfich Group, according to YourStory report. The company said it plans to utilise the current financing for product development, research…
Adani Green Energy Limited announced that it has won a manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a part of the agreement, AGEL will develop 8 GW of solar projects along with a commitment that will see Adani Solar establish 2 GW of additional solar cell and module manufacturing…
Bengaluru-based health-tech startup HealthPlix recently said that it has raised $6mn in Series B funding round. The funding round was led by a new investor in the company, JSW Ventures. JSW Ventures is the venture capital arm of Jindal family-backed JSW Group. The funding round also saw participation from existing investors like Chiratae Ventures and…
Affle, a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through relevant Mobile Advertising, announced the signing of definitive agreements to acquire full control of Appnext Pte. Ltd., Singapore and 100% IP of Appnext app discovery and recommendation platform with immediate effect. According to the press release,…
h2e Power, a Pune and New York-based clean technology startup, backed by Serum Institute of India CEO Adar Poonawalla, announced that it has fully acquired Hexis AG, a Swiss fuel cell company. Financial details of the transaction remain undisclosed. h2e Power said in a statement, it has acquired Hexis through its German subsidiary, mPower GmBH,…
South Korean radar technology startup, Bitsensing has recently raised $5.8mn in a Pre-Series A funding round. This round was led by VC firm LB Investment, and Mando Corporation, a South Korean automotive supplier, participated as a strategic investor. Hansae, SB Partners also participated along with Future Play and SJ Investment Partners from a previous round.…
Knocksense Media Services Pvt. Ltd, a Lucknow-based local news discovery and distribution platform, announced that it has raised capital from Mumbai Angels Network. Finance details of the investment remain undisclosed. The company will use the funds to strengthen its tech platform and create a content bank for new geographies launch, Knocksense said in a statement. …
Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors, announced that it has acquired two road assets of Navayuga Group for $150 million. Sekura Roads, the road platform of Edelweiss Infra, has acquired two annuity road assets – Navayuga Dhola Infra Projects Limited (Assam) and Navayuga Dibang Infra Projects Private Limited…
Gurgaon-based intercity mobility startup Yolobus recently announced that it has raised $3.3mn in Series A funding round. The fundraiser was led by Nexus Venture Partners along with participation from early-stage VC firm India Quotient. As part of the recent investment, Suvir Sujan, Managing Director of Nexus Venture Partners and Anand Lunia, General Partner, India Quotient…
Mukesh Ambani-led Reliance Industries recently announced that it has secured $752mn from the Abu Dhabi Investment Authority for its digital arm, Jio Platforms. As part of the transaction, ADIA will reportedly buy 1.16% of stake in Jio Platforms. In a regulatory filing, Reliance said, ADIA’s investment in Jio Platforms, which comprises Reliance’s telecoms arm Jio…
Bengaluru-based Arkam Ventures, formerly known as Unitary Helion, recently announced the first close of ₹325Cr of its maiden ₹700Cr startup fund. The company says it will focus on early-to-growth-stage startups in Series A, Series B stages across financial services, healthcare, food, agriculture, and mobility space. The new fund is backed by investors like Small Industries…
Postman, a Bengaluru and San Francisco-based SaaS startup that offers a platform for developers or enterprise to build, test, and debug their APIs, announced that it is in advanced talks with Insight Partners, a New York-based investment fund, to raise around $150 million at a valuation of $2 billion, two people in the know of…
Cognizant announced that it has completed the previously announced acquisition of the French operations of EI-Technologies, a Paris-based digital technology consulting firm and leading independent Salesforce specialist in France. The company said that EI-Technologies’ more than 300 employees in France will now join Cognizant, complementing its global Salesforce practice and expanding client resources in Europe.…
Infibeam Avenues Ltd, a Gujarat-based digital payments and e-commerce company that provides a comprehensive suite of web services spanning digital payment solutions, data centre infrastructure and software platforms, announced the acquisition of Cardpay Technologies Pvt. Ltd, a corporate credit card issuing firm, according to a VCCircle report. The company said that the acquisition will help…
Athira Pharma, a US-based clinical-stage company developing innovative first-in-class regenerative therapies with the potential to restore brain function, announced the closing of a $85 million Series B financing led by Perceptive Advisors. Other investors that took part in the funding round include RTW Investments, Viking Global Investors, Venrock Healthcare Capital Partners, Franklin Templeton, Rock Springs…